The US-India Business Council (USIBC) will confer the 'Global Vision' 2007 award for leadership on Reliance Industries Ltd [Get Quote] chairman Mukesh Ambani in Washington on Wednesday.

Boeing Chairman, President and CEO James W McNerney will also be presented with the leadership award, while US Secretary of State Condoleezza Rice would be honoured with the USIBC Distinguished Service Award at the council's 32^nd anniversary summit.

Rice will deliver the keynote speech on 'Uniting Two Great Democracies for the 21st Century' at the event to be attended by Indian Commerce Minister Kamal Nath and US Trade Representative Susan Schwabe, a statement from USIBC said.

Ambani, who heads the Reliance conglomerate that has interests in oil exploration, refining, retail, textile, petrochemicals  and SEZs, is expected to meet top United States officials, including Rice, at the event and hold discussions on a range of issues such as outsourcing and energy security.

The Washington-headquartered USIBC, a premier advocacy organisation, promotes economic reforms to deepen trade relations and broaden commercial ties between the two countries.

USIBC formulates an annual work plan that targets specific issues important to its 250 member-companies.